Zurich Financial Services

• Vitale Named CEO of Aspen Insurance

  By Chad Hemenway, PropertyCasualty360.com  |  June 25, 2012

  Mario Vitale to become the sole chief executive officer of Aspen Insurance globally.

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  Slideshow: One Year Later, Risk Management Experts Ponder Lessons of Japan Quake

  By Staff Writers  |  March 12, 2012

  On March 11, 2011, the Tohoku region of Japan was struck by a massive earthquake and tsunami that not only devastated a nuclear power plant and wreaked havoc on the island, but caused massive worldwide supply chain disruptions, pointing up the fragility of our interconnected world. We asked risk management...

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  IT Town Hall: Positive Energy for the Future

  By Robert Regis Hyle, PropertyCasualty360.com  |  December 13, 2011

  Insurance IT leaders reflect on the changes of the past year and look forward to what lies ahead in 2012.

• Insurers to Make Customers Pay if Italy Defaults

  By Myles Neligan and Victoria Howley, Reuters  |  November 11, 2011

  European insurers, on the front line of the region's sovereign debt crisis because of their big exposure to distressed Italian bonds, will be forced to share losses with customers and rely on regulators to be lenient if Italy reneges on its debt.

• Vitale: Return of Buffer Liability Signals Change in Surplus Lines Market

  By Chad Hemenway, PropertyCasualty360.com  |  October 18, 2011

  There are “little signs” that the surplus-lines marketplace is turning, says Mario Vitale of Aspen U.S. Insurance.

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  Vitale Named Co-CEO of Aspen U.S.

  By Chad Hemenway, PropertyCasualty360.com  |  October 14, 2011

  Aspen Insurance Holdings Ltd. has named Mario Vitale, currently president of Aspen U.S. Insurance, as the company’ s co-chief executive officer.

• Lloyd’s Takes Over Top Spot In Surplus-Lines Premium From AIG

  By Chad Hemenway, PropertyCasualty360.com, Caroline McDonald, PropertyCasualty360.com  |  October 13, 2011

  American International Group (AIG) lost its long-held spot at the top of the surplus market in 2010 after a 13 percent decrease in direct-premiums written, says insurance-rating-agency A.M. Best Co. in a special report released at this year’s NAPSLO convention.

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  Lloyd's Takes Over Top Spot in Surplus-Lines Premium from AIG

  By Chad Hemenway, PropertyCasualty360.com, Caroline McDonald, PropertyCasualty360.com  |  October 10, 2011

  A special report on the surplus lines market reveals Lloyd’s of London has taken over as the leader in surplus-lines market share with 18.3 percent compared with 16.8 percent held by AIG companies.

• Va. Court: Insurer Has No Duty to Defend in Alaska Global-Warming Case

  By Caroline McDonald, PropertyCasualty360.com  |  September 19, 2011

  Insurer Steadfast does not have a duty to defend AES Corp. in a climate change case alleging that AES’ emissions have contributed to rising sea levels threatening the village of Kivalina, Alaska.

• IIF: Regulatory Modernization Needs Better Coordination

  By Mark E. Ruquet, PropertyCasualty360.com  |  August 18, 2011

  The Institute of International Finance says regulators need to coordinate development of reforms affecting the banking and insurance industries to avoid unintended consequences.

• New Risks Mean New Opportunities For Specialty Insurers, Execs Say

  By Susanne Sclafane, PropertyCasualty360.com  |  August 12, 2011

  There’s a silver lining in every cloud, and for specialty insurers there’s opportunity present in every emerging risk, two carrier executives say. Navigators’ Stanley Galanski and Aspen’s Mario Vitale see product opportunities in responding to emerging life sciences, environmental and supply-chain risks.

• Environmental Carriers Look To Grow With New, Industry-Specific Coverages

  By Chad Hemenway, PropertyCasualty360.com  |  July 29, 2011

  To compete in a marketplace flooded with competition, environmental insurance carriers to better stand out from the pack are developing new products—built on a growing familiarity with and sophisticated grasp of the unique coverage requirements of specific industry classes.

• Ride the Green Train to...Where?

  By Nina Lill  |  June 1, 2011

  Not too many years ago, "green" looked like the new black for property-casualty insurance agents. Now, many see green in shades of gray due to the slow economy, lack of capital investment and no definitive compass to where green growth will occur and how it will be sustained.

• Aspen Adds Mario Vitale To U.S. Talent Roster

  By Susanne Sclafane, PropertyCasualty360.com  |  March 11, 2011

  Bermuda-based Aspen Insurance Holdings Limited is positioning its U.S. specialty insurance operation for an inevitable market turn by hiring experienced professionals, according to CEO John Cavoores. Mario Vitale, an alumnus of Zurich and Willis, joined the Aspen leaderboard as president last week, bearing the battle scars of prior soft markets.

• Aspen Adds Vitale To U.S. Talent Roster

  By Susanne Sclafane, PropertyCasualty360.com  |  March 11, 2011

  Bermuda-based Aspen Insurance Holdings Limited is positioning its U.S. specialty insurance operation for an inevitable market turn by hiring experienced professionals, according to CEO John Cavoores. Mario Vitale, an alumnus of Zurich and Willis, joined the leader board as president last week, bearing the battle scars of prior soft markets.

• RenRe Completes U.S. Insurance Sale; Aspen Tags Vitale To Head U.S. Ops

  By Susanne Sclafane, PropertyCasualty360.com  |  March 7, 2011

  RenaissanceRe completed the sale of its U.S. insurance businesses, while another Bermuda company, Aspen, is strengthening the leadership of its U.S. insurance operation.